The organization will move its headquarters to the 19,448-square-foot building, which sits on 2.4 acres on the west side of White Station Road north of Poplar Avenue.

The Girl Scouts’ board is relocating the headquarters from its current locale at 2715 Kirby Parkway.

“This is a great move for Girl Scouts,” said Jenny Jones, the organization’s director of marketing and communications. “We are very excited to have a new location that we will be owning for the girls to be fiscally responsible for the organization. The board has been talking about this move for several years, so it’s not something that just came up recently.”

PPM XI LP bought the property in December 2005 for $2.8 million. The Shelby County Assessor’s 2010 appraisal is $1.9 million.

According to sale documents, Girl scouts Heart of the South will receive 58.2 percent of the common elements related to the condominium.

“Better visibility positions Girl Scouts Heart of the South one step closer to reaching our vision of being recognized by the community as the premier source of girl leadership,” said the organization’s CEO Angela Woods in a statement.

The Tupelo, Miss.-based bank paid $980,833 for the parcels in an Oct. 13 substitute trustee’s sale from Paul N. Royal of the Memphis law firm Crislip, Philip and Associates. The Shelby County Register of Deeds didn’t record the sale until this week.

The original foreclosure notice, which ran in The Daily News in September, stated Wynestone Partners was in default of a $1.5 million construction loan through Renasant Bank dated January 2005. The loan was modified in September 2006 to add $216,000 for a total of $1.7 million.

The property, which is composed of 10 lots and four common open spaces, is valued at slightly less than $1.3 million. The lots are valued at $125,000 apiece and the open spaces are valued at $800 apiece, according to the Shelby County Assessor of Property.

The original loan lists James K. Dickinson as managing general partner of Wynestone Partners.

David Harano signed the loan documents as president of G.I.C.M. Real Estate. Harano is executive director of Gastro One, formerly Gastroenterology Center of the MidSouth, according to Gastro One’s website.